Continuum Company acquired Shuckers Waterfront Bar & Grill and Best Western On The Bay Inn & Marina in North Bay Village. An acquisition and pre-construction development loan was secured for $67.5 million from  Longline Financial. The property is adjacent to the company’s latest waterfront development in North Bay Village, Continuum Club & Residences, thereby expanding its North Bay Village waterfront footprint to 4.5 acres. 

Continuum’s Ian Bruce Eichner added, “The vision for North Bay Village is exactly the same as the Continuum on South Beach 20 years ago.  We saw a substantially undervalued oceanfront development opportunity and then transformed the neighborhood into one of the most coveted places to live. “

The on-site restaurant and hotel will continue to be open and fully operational.

North Bay Village is primed for redevelopment following its 2020 rezoning.  The development consists of over 3,000 new residential units and 1 million square feet of commercial and retail space. 

The post Continuum Adds to North Bay Village Holdings appeared first on Connect CRE.